Amber Road, a provider of global trade management solutions, announced that the Acteon Group, a global integrated subsea services provider, has chosen Amber Road to automate and standardize restricted party screening across all of its worldwide branded services.
Until now, the individual Acteon branded services tracked and managed their trading partners independently and mostly manually, but with increasingly tough regulations and sanctions being imposed by multiple authorities around the world, including recent sanctions on Russia that specifically target oil and gas industry-related equipment, the need for a reliable, automated solution to track regulations, evaluate trading partners, and ensure a standardized compliancy process for the entire group became acute.
